eDiscovery vendor Consilio is set to acquire flexible legal services provider Lawyers On Demand (LOD) and SYKE, the UK headquartered legal technology consultancy that LOD invested in in 2021. The acquisition will extend Consilio’s enterprise legal services business to Europe, the Middle East, Africa, Asia, and Australia, as well as expand its current UK business.
Since its creation in 2007, LOD has built a community of 4,500+ legal practitioners providing clients with on-demand expertise. The practitioners include lawyers, legal engineers, legal operations consultants, paralegals, and risk & compliance professionals across 25 countries. LOD’s clients include 27 members of the FTSE 100 and 54 members of the ASX 200.
Andy Macdonald, chief executive officer of Consilio, said: “The flexible talent market remains fragmented, and we continue to explore opportunities to create impactful solutions for legal teams as they face an unprecedented amount of talent concerns, as a result of historically high attrition rates, budgetary freezes, and legal industry salary increases out of reach for many corporations.
“This acquisition brings LOD’s and SYKE’s deep expertise in flexible legal talent and legal technology consulting onboard while unlocking greater scale and capabilities for our clients.”
“Consilio has a great story as it has a history of bringing very strategic acquisitions into its fold to become the global leader in legal consulting and services, as well as the world’s largest eDiscovery provider,” said Simon Harper, founder of LOD. “We’re excited about our shared culture and the vision for what we can offer together to global legal teams. I’ve watched the growth of Consilio’s enterprise legal services business over recent years and look forward to combining forces to reflect client needs and to establish one of the largest legal flexible talent and advisory companies in the space.”
On completion of the acquisition, UK private equity firm Bowmark Capital will realise its five-year investment in LOD and SYKE.
caroline@legaltechnology.com